The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by UMB Bank n.a.

UMB Bank n.a. raised its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 52.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 774 shares of the technology company’s stock after buying an additional 265 shares during the quarter. UMB Bank n.a.’s holdings in Trade Desk were worth $91,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TTD. Edgewood Management LLC lifted its stake in Trade Desk by 133.3% during the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after acquiring an additional 5,675,571 shares in the last quarter. Jennison Associates LLC increased its stake in Trade Desk by 11.0% during the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after purchasing an additional 2,013,047 shares during the period. Baillie Gifford & Co. lifted its position in shares of Trade Desk by 4.7% during the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after purchasing an additional 1,720,650 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Trade Desk by 10,856.6% in the third quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock valued at $172,460,000 after purchasing an additional 1,558,465 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Trade Desk by 55.3% in the third quarter. Wellington Management Group LLP now owns 1,549,399 shares of the technology company’s stock valued at $169,892,000 after purchasing an additional 551,925 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 512,953 shares of Trade Desk stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $124.67, for a total value of $63,949,850.51. Following the transaction, the chief executive officer now owns 243,476 shares of the company’s stock, valued at approximately $30,354,152.92. This trade represents a 67.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the sale, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 549,684 shares of company stock worth $68,444,576. 9.72% of the stock is owned by company insiders.

Trade Desk Stock Performance

Shares of TTD stock opened at $119.14 on Friday. The stock has a market cap of $58.80 billion, a PE ratio of 195.31, a P/E/G ratio of 3.94 and a beta of 1.45. The Trade Desk, Inc. has a 1 year low of $66.56 and a 1 year high of $141.53. The stock has a fifty day moving average price of $125.80 and a 200 day moving average price of $113.33.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The business had revenue of $628.02 million during the quarter, compared to analysts’ expectations of $619.89 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. As a group, equities research analysts predict that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JMP Securities began coverage on shares of Trade Desk in a research report on Tuesday. They issued a “mkt outperform” rating and a $150.00 price target for the company. Wedbush lifted their target price on Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Royal Bank of Canada upped their price target on Trade Desk from $136.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Loop Capital lifted their price objective on Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Benchmark reaffirmed a “sell” rating and issued a $57.00 target price on shares of Trade Desk in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.13.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.